Vale S.A. (VALE) Shares Sold by Private Asset Management Inc.

Private Asset Management Inc. reduced its position in shares of Vale S.A. (NYSE:VALE) by 99.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 370 shares of the basic materials company’s stock after selling 36,330 shares during the quarter. Private Asset Management Inc.’s holdings in Vale were worth $370,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Eqis Capital Management Inc. raised its stake in Vale by 606.8% during the 3rd quarter. Eqis Capital Management Inc. now owns 71,067 shares of the basic materials company’s stock worth $716,000 after buying an additional 61,012 shares during the period. Cetera Investment Advisers acquired a new position in Vale during the 2nd quarter worth approximately $2,611,000. Verition Fund Management LLC acquired a new position in Vale during the 2nd quarter worth approximately $107,000. Capital Innovations LLC raised its stake in Vale by 82.8% during the 2nd quarter. Capital Innovations LLC now owns 40,200 shares of the basic materials company’s stock worth $352,000 after buying an additional 18,210 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new stake in Vale during the 2nd quarter worth approximately $438,000. 9.63% of the stock is currently owned by institutional investors and hedge funds.

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VALE has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on Vale in a report on Monday, September 25th. They set a “weight” rating for the company. Cowen and Company set a $11.00 price objective on Vale and gave the stock a “hold” rating in a report on Thursday, October 19th. Royal Bank Of Canada set a $11.00 price objective on Vale and gave the stock a “hold” rating in a report on Tuesday, October 10th. BidaskClub lowered Vale from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of Vale in a report on Friday, July 28th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $9.87.

Vale S.A. (NYSE VALE) traded up 1.21% on Friday, reaching $10.00. The company had a trading volume of 13,502,979 shares. The stock has a market capitalization of $51.53 billion, a PE ratio of 14.43 and a beta of 1.51. Vale S.A. has a 12-month low of $6.59 and a 12-month high of $11.72. The stock’s 50 day moving average price is $10.42 and its 200-day moving average price is $9.39.

Vale (NYSE:VALE) last announced its quarterly earnings results on Thursday, October 26th. The basic materials company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.25 by $0.15. The business had revenue of $9.05 billion for the quarter. Vale had a net margin of 11.01% and a return on equity of 16.74%. Equities analysts expect that Vale S.A. will post $1.25 earnings per share for the current fiscal year.

About Vale

Vale SA is a global producer of iron ore and iron ore pellets, key raw materials for steelmaking, and producer of nickel. The Company also produces copper, metallurgical and thermal coal, potash, phosphates and other fertilizer nutrients, manganese ore, ferroalloys, platinum group metals, gold, silver and cobalt.

Institutional Ownership by Quarter for Vale (NYSE:VALE)

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